Form 4: Bristow Group Executive Alan Corbett Reports Stock Transactions

Alan Corbett, COO of Government Services at Bristow Group Inc., reports acquisition of stock units and disposition of shares to cover tax liabilities.

Summary

• On March 8, 2024, Alan Corbett acquired 9,800 shares of Bristow Group Inc. common stock at a price of $0.
• These shares were obtained through restricted stock units that vest in three equal annual installments starting March 8, 2025.
• On March 10, 2024, Corbett disposed of 1,545 shares at $25.63 to cover tax liabilities associated with the vesting of restricted stock units.
• Following these transactions, Corbett directly owns 77,498 shares of Bristow Group Inc. common stock.

Sentiment

Score: 6

Explanation: Neutral sentiment as the transactions are routine and related to compensation and tax obligations. The acquisition of shares is a slightly positive sign.

Positives

• The acquisition of 9,800 shares indicates confidence in the company's future performance.

Negatives

• The sale of 1,545 shares, while for tax purposes, slightly reduces Corbett's holdings.

Industry Context

Form 4 filings are standard practice and provide transparency into the trading activities of company insiders, which can be an indicator of management's sentiment regarding the company's prospects.

Stakeholder Impact

• The transactions provide transparency to shareholders regarding insider trading activity.

Key Dates